Goldman Sachs report on Philip Morris (PM +2%) that backed up its upgraded rating to Buy...

|About: Philip Morris Internation... (PM)|By:, SA News Editor

Goldman Sachs report on Philip Morris (PM +2%) that backed up its upgraded rating to Buy contains some insight on what the next big development for the company could be down the road. A new product with a target launch of 2016 mimics the experience of smoking without the harmful effects. Though it's been tried before, Philip Morris might take the "next-generation product" to the next level by catering it for the gigantic Chinese market.